The housing market in Martinsville, IL (zip code 62442) is a bit lower than the national average. The median value of a home in Martinsville is $86,100, as compared to the national median value of $338,100. Additionally, while house appreciation nationwide has been 8.27% over the past year, appreciation in Martinsville has been slightly lower at 7.94%. This suggests that homes in Martinsville may be more accessible than those elsewhere in the country due to their lower cost and slower appreciating rate. For those looking for an affordable place to call home, Martinsville may be a great option.
The median home cost in Martinsville (zip 62442) is $86,100. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Martinsville (zip 62442) is up 9.4%.
Average Age of Homes
- The median age of Martinsville (zip 62442) real estate is 53 years old
The Rental Market in Martinsville (zip 62442)
- Renters make up 20.6% of the Martinsville (zip 62442) population
- 1.9% of houses and apartments in Martinsville (zip 62442), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.